U.S. stocks are opening higher after Greece's parliament voted for spending cuts over the weekend aimed at saving the country from bankruptcy.

A few minutes after trading began on Monday, the Dow Jones industrial average was up 73 points to 12,985. The broader Standard & Poor's 500 index rose almost 9 points to 1,352. The Nasdaq composite rose 23 points to 2,927.

The Greek parliament voted on Sunday to cut spending in exchange for a new bailout to keep it from a catastrophic default next month.

Stocks are also up in Europe. The FTSE 100 in Britain is up 1 percent. Germany's DAX rose 0.7 percent and the CAC-40 in France is up a half-percent.